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Question 10 of 24

Q.Customised accounting software is suitable for :

(a) Large, medium business
(b) Large, typical business
(c) Small, conventional business
(d) None of the above
Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2022MCQ· 1mImportance★★★★★
42% · 10/24 Questions
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Customised accounting software is tailor-made for a firm's specific needs, so it is economical only for large and medium businesses — option (a).

Accounting software is usually grouped into three types:

  • Ready-made (readymade) software — off-the-shelf packages like Tally, suited to small and conventional businesses with standard needs.
  • Customised software — a ready-made package modified, or a package built, to suit a particular firm's specific requirements (special reports, formats, controls). Development and modification cost more, so it is justified for large and medium businesses. …

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